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When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainableinvesting was called back then.
Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
But with sustainability, there are reasons to be more forthcoming. Private companies are increasingly eager to report on their environmental, social and governance (ESG) performance and their sustainabilityinvestments amid the publics growing appetite for companies that are trying to be good corporate citizens.
DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and netzero for operations by 2030. SAN FRANCISCO, June 22, 2022 /3BL Media/ - Prologis (NYSE: PLD), the global leader in logistics real estate, today announced its commitment to achieve netzero emissions across its value chain by 2040.
By 2040, the company has pledged to reach net-zero emissions in its operations, which will expand in an effort to help the city reach its own net-zero goals. Toronto Hydro estimatesit will invest $10 billion in climate infrastructure across the city EV charging, equipment renewal, etc.
The results: the best investments of the past three to five years turn out to be the companies that jumped feet-first into the green economy. “As Between January 1, 2019, and March 22, 2023, the value of the top quintile of the SEI grew 146%, compared to 47% for the MSCI ACWI. The numbers tell the story.
Investors’ willingness to deploy capital to fund the UK’s netzero transition is at risk, as recent policy signals have reduced confidence in the government’s commitments to its climate policies, according to a new letter sent to Prime Minister Sunak by a group of financial institutions managing £1.5
The results: the best investments of the past three to five years turn out to be the companies that jumped feet-first into the green economy. “As Between January 1, 2019, and March 22, 2023, the value of the top quintile of the SEI grew 146%, compared to 47% for the MSCI ACWI. The numbers tell the story.
Ontario Teachers’ Pension Plan Board (OTPP), one of Canada’s largest investors, with over $240 billion in assets under management, announced today the appointment of Anna Murray as Senior Managing Director and Global Head of SustainableInvesting.
But PE is well placed to lead sustainableinvesting. found that 90% of limited partners factor ESG into their investment decisions, and 77% use it as a criterion in selecting general partners. In 2019, TPG announced an investment in Cibus, a plant-based food company that uses biotechnology to develop sustainable food products.
SUMMARY: Aligned With the Paris Agreement and Approved by the Science Based Targets Initiative (SBTi), JetBlue Commits to Reduce Jet Fuel Emissions 50% Per Revenue Tonne Kilometer by 2035 From 2019 Levels. Charting a path to netzero. The aviation industry is at a critical time in our push towards netzero.
In a statement supporting the resolution, BCGEU recommends the affiliated companies, Brookfield Business Partners and Brookfield Infrastructure Partners, reduce their portfolio emissions by 22% to 32% between 2020 to 2025, a target in keeping with the UN-backed Net-Zero Asset Owner Alliance. More RBC scrutiny. Canadian oil.
New figures showed that carbon emissions in 2022 fell to “significantly lower” than pre-pandemic levels in 2019, giving hope that Canada can meet its net-zero commitments. Crucially, the companies’ average sustainableinvestment (as a percentage of total investment) hit 58.9% Climate commitments legend 1.5°C:
In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. That compares with sustainableinvestments at a paltry 17% among the broader universe of publicly traded companies with more than US$1 billion in annual revenue.
For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5
Sustainableinvestment opportunities and risks are slowly beginning to emerge as Europe outlines its plans to rearm. But some called for a more fundamental reboot of investment in European innovation especially in clean technologies to pursue trajectories that are compatible with its climate transition targets.
This has included legislating a 2050 netzero target and setting a legally-binding target to reduce emissions by 43% by 2030 below 2005 levels. Investment in adaptation offers significant opportunities that are yet to be comprehensively tapped,” said Rena Pulido, Head of SustainableInvestment Australia at IFM Investors, a A$221.7
CPP Investments, the investment manager of the Canada Pension Plan, announced today the appointment of Richard Manley as Chief Sustainability Officer. Manley has been serving as Head of SustainableInvesting at CPP Investments, since joining the firm in 2019.
trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. from 2022, and down more than 26% from the highest fossil financing recorded in 2019. This sum includes US$3.3
The Canada Pension Plan Investment Board (CPP Investments) will pursue carbon neutrality by 2050 via a strategy of active engagement to drive real-economy decarbonisation, according to Deb Orida, Chief Sustainability Officer and Head of Real Assets. Whole economy transition. It’s something we will continue to look at.
Kwan joined the association in 2019 to help asset managers in the region deal with the increasing amount of sustainability-related requirements they are facing from regulators. The intent to investsustainably doesnt always translate into the flow of hard dollars into sustainable products.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including LGIM, Amundi, LOIM, Algebris, R&M, and Banor Capital. . Legal and General Investment Management (LGIM) , which has £1.42 trillion in AUM, has launched the L&G NetZero Global Corporate Bond Fund.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
BNP Paribas Asset Management (BNPP AM) unveiled its 2025 strategic ambitions today, focused primarily on extending its sustainableinvesting capabilities and offerings, with the goal to become “the sustainable asset manager of reference in Europe.”.
Founded in 2019, London-based Pollination works with financial institutions, large companies, and governments to implement netzero and nature-positive transition strategies, with expertise provided in areas including finance, investment, corporate governance and strategy, technology, law, and policy.
Spanish electric vehicle charging company Zunder announced today a €100 million investment from sustainableinvestment manager Mirova, aimed at expanding the startup’s ultra-fast EV charging station network across Southern Europe.
Natixis Investment Managers’ sustainableinvesting affiliate Mirova announced today that it has raised more than €195 million (USD$213 million) for its corporate-backed Climate Fund for Nature, aimed at supporting high-quality projects dedicated to nature protection and restoration.
The appointment follows the announcement earlier this year of BNPP AM’s 2025 strategic ambitions, which focus primarily on extending its sustainableinvesting capabilities and offerings, with the goal to become “the sustainable asset manager of reference in Europe.”
The UK’s netzero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. Go like the wind The global energy crisis, sparked by Russia’s invasion of Ukraine, highlighted the importance of ensuring a steady flow of domestic, sustainable energy supply.
Transition” refers to activities that do not meet the green thresholds now but are on a pathway to netzero or contributing to netzero outcomes. The measures in sum: The package of measures is intended to improve trust and transparency in the market for sustainableinvestment products and minimize greenwashing.
Realizing that climate impacts threaten more than supply chains and physical infrastructure, we made the commitment to be net-zero carbon by 2050, using our 2019 baseline. In addition, we use tracking programs to monitor and manage our environmental performance and calculate our annual carbon footprint.
Nasdaq ESG Advisory Launched as an organic growth initiative in 2019, Nasdaq’s ESG Advisory is a service solution that pairs companies with consultative ESG expertise to help analyze, assess and put into action best-practice ESG programs with the goals of attracting long-term capital and enhancing value.
The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.
Difficulties in definition continue to thwart efforts to demonstrate the financial benefits of sustainableinvestments. Sustainable fund flows attracted US$37 billion of net new money in Q4 2022, with global sustainable fund assets reaching a total of US$2.5 trillion by 2026, up from US$18.4
Raised by two environmentalists, she’s dedicated to ensuring women have equal opportunity to succeed in our net-zero future. Last year, Folino’s firm made a commitment to make its operations and assets under management net-zero by 2050 or earlier – a challenge he’s embracing with open arms. trillion in coal.
Policies, regulations and wider laws are among the many elements that set the path and guide them on their journey to netzero. Between 2019 and 2022, climate activists across the country became disheartened by the weaponisation of climate action under Scott Morrison’s government. trillion) in assets.
Proposed climate transition -oriented benchmark and index investment guidance for the EU and beyond is expected to better incentivise passive capital flows supporting companies journeys to netzero. Transition-potential indexes would comprise companies demonstrating potential to align with netzero in a time-bound manner.
C, adequate intermediate reduction targets, and a goal of netzero by 2050. As noted in my previous article, in 2021, the Hague District Court ordered Shell to reduce its emissions by 45% by 2030, relative to 2019, including both its own emissions and end-use emissions. In fact, this is already happening.
Through the London Fund, the LPFA has invested in projects including the regeneration of Shepherd’s Bush Market in West London, the redevelopment of the Saville Theatre, Virtus Data Centres, and Edge – a netzero development in London Bridge. billion in avoided emissions. As of June 2023, around 4.4%
In a move to better support emerging markets’ (EMs) climate transition efforts, 12 UK-based pension funds have unveiled draft guiding principles that will inform their sustainableinvesting strategies. . As asset owners, we are committed to achieving netzero,” they said. . Focus on intentionality .
Among investors, sustainableinvesting is evolving from negative screening toward engaging with companies. Impact investing is getting traction and, in 2022, reached 1.2 trillion in AUM, according to a report by the Global Investing Network. Sustainability trends 2023: Net-Zero roadmaps. Source VBA.
Alongside the TSP, the alliance has published a background document which further elaborates on its approach to, and perspective of, investment portfolio decarbonisation in the next five years. “The Latest iteration of the alliance’s target-setting protocol expands coverage to private markets, providing more detail on sovereign debt.
Institutional investors are increasingly attracted to climate-focused passive investment vehicles as a systematic and cost-effective way of transitioning their portfolios to netzero. . Anyone can claim that a product is Paris-aligned,” he says. .
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